ANZ hoaxer Jonathan Moylan avoids jail over fake press release

Jonathan Moylan pleaded guilty to issuing a hoax press release purporting to be from the ANZ Bank.

AAP: Dan Himbrechts

An environmental campaigner who distributed a fake press release that caused a coal company's share price to crash has been released on a good behaviour bond.

Jonathan Moylan, from Newcastle, received a 20-month prison sentence after pleading guilty to disseminating false information, but Supreme Court Justice David Davies ordered his immediate release on a $1,000 bond.